Constructed in 1908, the building is located between UnionSquare and the newly expanded Westfield San Francisco Centre, onehalf block from Powell Street, the main streetcar route. Inaddition to the top-to-bottom renovation, Singha has approved plansfor a two-story, 7,000-sf penthouse that could be built to suit aninterested tenant, such as a restaurant.

Ross Portugeis with G&E in San Francisco and GarySchwartzman with G&E in New York have the marketing assignment.International marketing assistance is being provided by Asia PacInternational. Portugeis tells GlobeSt.com that the owner isentertaining both single-tenant and multi-tenant scenarios forleasing up the building.

Portugeis wouldn't speculate on the lease rate, but the blendedrate for similar multi-floor spaces in the Union Square shoppingdistrict is approximately $120 per sf. A mid-2007 rent survey byColliers International found Union Square to be the second mostexpensive rental market in the US, with an average street-levelasking rent of $485 per sf per year on the square. One block offUnion Square, where 165 O'Farrell is located, the street-levelrents would be in the low $300s per sf, local sources tellGlobeSt.com.